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WPX Energy To Host Feb. 28 Webcast

WPX Energy (NYSE:WPX) plans to conduct a webcast for analysts and investors on Thursday, Feb. 28 in tandem with the release of its 2012 fourth-quarter and year-end financial results.

The company’s 2012 proved reserves report and 2013 capital spending, operational and financial guidance will be available earlier in advance of the 2012 year-end results.

WPX President and Chief Executive Officer Ralph A. Hill will begin the Feb. 28 discussion at 10 a.m. Eastern. Hill will be joined by WPX Chief Financial Officer Rodney J. Sailor and other members of senior management.

Participants are encouraged to access the event and the slide presentation at
www.wpxenergy.com. A limited number of phone lines also will be available at (866) 510-0676. International callers should dial (617) 597-5361. The participant passcode for both lines is 69817966.

A replay will be available on WPX’s website for one year following the event. Visitors to
www.wpxenergy.com also can see and hear stories from WPX employees, landowners, management and the board of directors.

WPX is included in the S&P 500 Index. The company has nearly 1.6 million net acres under lease and is applying its large-scale development experience in three key producing areas. The company’s operations are levered to upside in natural gas prices, and includes a growing oil and liquids portfolio.

About WPX Energy, Inc.

WPX Energy is an exploration and production company focused on developing its significant oil and gas reserves, particularly in the liquids-rich Piceance Basin, the Bakken and Three Forks oil shales and the Marcellus Shale. WPX also has domestic operations in the San Juan and Powder River basins, as well as a 69 percent interest in Apco Oil and Gas International. Go to
http://www.wpxenergy.com/investors.aspx to join our e-mail list.

This press release includes “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995.All statements, other than statements of historical facts, included in this press release that address activities, events or developments that the company expects, believes or anticipates will or may occur in the future are forward-looking statements.Such statements are subject to a number of assumptions, risks and uncertainties, many of which are beyond the control of the company.Statements regarding future drilling and production are subject to all of the risks and uncertainties normally incident to the exploration for and development and production of oil and gas.These risks include, but are not limited to, the volatility of oil, natural gas and NGL prices; uncertainties inherent in estimating oil, natural gas and NGL reserves; drilling risks; environmental risks; and political or regulatory changes.Investors are cautioned that any such statements are not guarantees of future performance and that actual results or developments may differ materially from those projected in the forward-looking statements.The forward-looking statements in this press release are made as of the date of this press release, even if subsequently made available by WPX Energy on its website or otherwise.WPX Energy does not undertake and expressly disclaims any obligation to update the forward-looking statements as a result of new information, future events or otherwise.Investors are urged to consider carefully the disclosure in our filings with the Securities and Exchange Commission, available from us at WPX Energy, Attn:Investor Relations, P.O. Box 21810, Tulsa, Okla., 74102, or from the SEC’s website at www.sec.gov.